SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (64451)2/25/2001 2:00:46 PM
From: russwinter  Read Replies (1) | Respond to of 116762
 
Most Aussie hedging (including a lot of delta option hedging)is done at or close to in the money. The chart on your post illustrates the importance of a stronger Aussie dollar and/or gold in breaking these producer's backs. Both (Aussie dollar and gold in Aussie terms) should be followed closely here. Also the South African rand.



To: goldsheet who wrote (64451)2/25/2001 2:11:16 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 116762
 
BOB:

You are right! I really should have focused my comments on producers like Kinross who apparently are hedging massively at $270-275. ABX and Anglo probably hedging in a similar manner.

But the broader meaning of my comments -- that excessive hedging has been a major factor behind the trivial drop in gold output in the face of a huge price smash -- still stands.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News